{"id":2622045,"date":"2026-07-01T08:56:32","date_gmt":"2026-07-01T12:56:32","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/experts-stumped-about-how-trump-proved-them-wrong-on-oil-prices-its-the-weirdest-thing\/"},"modified":"2026-07-01T09:00:08","modified_gmt":"2026-07-01T13:00:08","slug":"experts-stumped-about-how-trump-proved-them-wrong-on-oil-prices-its-the-weirdest-thing","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/experts-stumped-about-how-trump-proved-them-wrong-on-oil-prices-its-the-weirdest-thing\/","title":{"rendered":"&#8216;Experts&#8217; Stumped About How Trump Proved Them Wrong on Oil Prices: &#8216;It&#8217;s the Weirdest Thing&#8217;"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">30<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fexperts-stumped-about-how-trump-proved-them-wrong-on-oil-prices-its-the-weirdest-thing%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2622045&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>The content discusses the unpredictability of energy prices and the frequent inaccuracies of experts&#8217; forecasts. It highlights how gas prices, which were expected to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/philippines-4-year-high-inflation-boosts-chances-of-more-rate-hikes\/\" title=\"Philippines\u2019 4-year high inflation boosts chances of more rate hikes\">stay high due<\/a> to geopolitical tensions, have unexpectedly fallen by 70 cents per gallon in a month, contradicting predictions of <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/u-s-blockade-of-iranian-ports-could-finally-break-iran-but-only-if-we-do-it-right\/\" title=\"U.S. Blockade Of Iranian Ports Could Finally Break Iran\">prolonged high prices<\/a>. The article criticizes the media and analysts for overconfidence and for framing forecasts as narratives that ofen persist even after evidence suggests otherwise. this tendency to prioritize confidence and urgency over <a href=\"https:\/\/amzn.to\/3YuVZYV\" >accuracy erodes public trust<\/a> in expert predictions. The piece emphasizes the influence of incentivized storytelling in media, which perpetuates alarmist narratives and discourages nuanced understanding, ultimately making it difficult for people to distinguish between genuine signals and fabricated or exaggerated stories.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><br \/>\n<!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\"><br \/>\n<?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><html><body><\/p>\n<section> \t\t\t\t<script>console.log(\"ad slot (AC1)\")<\/script><script>console.log(\"ad slot (IC1)\")<\/script><script>console.log(\"ad slot (IC2)\")<\/script><script>console.log(\"ad slot (IC3)\")<\/script><script>console.log(\"ad slot (IC4)\")<\/script><script>console.log(\"ad slot (REP_0)\")<\/script><\/p>\n<p>When I was a younger, more wide-eyed man, there was one job I always wanted: weather anchor.<\/p>\n<p>And there was a pretty simple reason for that: Apart from NFL Draft analysis, what other job is out there where you can reliably keep it despite being habitually wrong?<\/p>\n<p>Turns out, I could\u2019ve just been an \u201cexpert\u201d during the presidency of Donald Trump, instead.<\/p>\n<p>Politico came out with quite an <a href=\"https:\/\/www.politico.com\/news\/2026\/06\/30\/trump-said-gas-prices-would-fall-after-the-war-defying-the-experts-so-far-hes-right-00980674\" target=\"_blank\" rel=\"noopener\">article<\/a> on Tuesday, entitled \u201cEnergy experts said gas prices would stay high. Why were they wrong?\u201d<\/p>\n<p>The article reads exactly how one would expect it to with such a headline, as it effectively asks why so many energy \u201cexperts\u201d were wrong about the long-term harm of energy prices under Trump.<\/p>\n<p>As you\u2019ve undoubtedly heard \u2014 and probably felt \u2014 gas prices spiked during the worst of the Iran conflict. But instead of remaining high, gas prices have been falling quickly of late.<\/p>\n<p>Or, in other words, these <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/mars-rover-sends-back-pictures-of-martian-sky\/\" title=\"Mars rover captures Martian sky in stunning images.\">affordable gas prices<\/a> are \u201cdefying expert predictions of a long summer slog with sky-high prices.\u201d<\/p>\n<p>(Funny how that always <a href=\"https:\/\/www.westernjournal.com\/ap-us-wholesale-prices-dropped-0-5-last-month-despite-president-trumps-tariffs\/\" target=\"_blank\" rel=\"noopener\">keeps happening<\/a>, isn\u2019t it?)<\/p>\n<p>Politico laid out the blunt reality: \u201cInstead of spiraling upward, the average price at the pump has plummeted 70 cents per gallon in a month from a peak of $4.56.\u201d<\/p>\n<p>Oh.<\/p>\n<p>To their minimal credit, Politico at least admitted that they too were wrong, having penned an earlier story about how the experts were predicting doom and gloom for the economy.<\/p>\n<p>The outlet admitted, \u201cIt wasn\u2019t supposed to work this way, according to energy experts whose predictions of $150 barrel of oil, $5 gasoline and summer recessions were widely quoted in the media, including POLITICO.\u201d<\/p>\n<p>\u201cIt\u2019s the weirdest thing,\u201d one oil analyst told the outlet. \u201cI\u2019ve never seen a market like this.\u201d<\/p>\n<p>Now, here\u2019s the thing: I\u2019m not nearly smart enough to tell you what these experts were actually basing their forecasts on. What I am smart enough to opine on is that this current politicized media landscape heavily favors narratives over facts \u2014 and that should be alarming to anyone, whether they\u2019re Democrat or Republican.<\/p>\n<p>To be clear, the problem isn\u2019t that experts sometimes get it wrong \u2014 that\u2019s inevitable in any complex system with moving parts, geopolitical shocks, and markets that react faster than models can update.<\/p>\n<p>The problem is what happens next.<\/p>\n<p>The correction rarely gets the same oxygen as the prediction, which often takes on a life of its own. A bold forecast of \u201c$150 oil and $5 gas\u201d travels everywhere. The quiet revision that reality didn\u2019t cooperate barely registers.<\/p>\n<p>In practice and reality, the modern media incentive structure rewards confidence over accuracy, and certainty over humility.<\/p>\n<p>Layer on top of that a media ecosystem that increasingly treats forecasting like storytelling, and you get a feedback loop that\u2019s hard to break. And once a narrative takes hold \u2014 \u201cenergy crisis incoming,\u201d \u201csummer of pain,\u201d \u201ceconomic spiral\u201d \u2014 there\u2019s a kind of inertia to it that\u2019s hard to stop.<\/p>\n<p>Even when prices at the pump start falling, the original frame lingers because it was more emotionally compelling than the correction ever could be.<\/p>\n<p>Here\u2019s the truth: none of this requires conspiracy, just misaligned incentives.<\/p>\n<p>Experts want relevance, media wants urgency, and audiences are conditioned to respond more strongly to crisis than to calm.<\/p>\n<p>So the system keeps producing the same shape of mistake: overconfident and seemingly biased projections followed by quiet walk-backs, with very little accountability in between.<\/p>\n<p>And over time, that erodes trust \u2014 not just in specific forecasts, but in the entire category of \u201cexpert consensus,\u201d even when it\u2019s right.<\/p>\n<p>The uncomfortable takeaway is that the issue isn\u2019t whether gas prices go up or down in any given month \u2014 it\u2019s whether anyone can meaningfully separate signal from narrative anymore. And with \u201cexperts\u201d like these, it\u2019s becoming increasingly harder to separate those two things.<\/p>\n<div style=\"background-color: #f7f7f7; color: #171717; display: flex;font-size: 16px;font-weight: 600;line-height: 1.5;margin: 24px 0;padding: 18px 20px 18px 30px;text-align: left;\">\n<div style=\"align-self: stretch;border-left: 3px solid #171717;flex-shrink: 0;padding-left: 20px;\"><\/div>\n<p><a style=\"text-decoration: none;\" href=\"https:\/\/www.google.com\/preferences\/source?q=https:\/\/www.westernjournal.com\/\">Choose The Western Journal as your preferred source on Google and never miss reporting that defends truth, protects freedom, and advances Western civilization<\/a><\/div>\n<p style=\"border: 1px solid #f5f5f5; padding: 16px;\">Advertise with The Western Journal and reach millions of highly engaged readers, while supporting our work. <a href=\"https:\/\/www.westernjournal.com\/advertise-us\/?wj_source=article\">Advertise Today<\/a>.<\/p>\n<div style=\"position: relative;\">\n<div class=\"ff-fancy-header-container\"> \t\t\t \t<\/div>\n<div class=\"entry-submit-correction inner-content\">\n<div class=\"correction-form\">\n<form style=\"display: none;\">\n<div class=\"sc-name-field\"> \t\t\t\t\t\t<label>* Name<\/label> \t\t\t\t\t\t<br \/> \t\t\t\t\t\t<input type=\"text\" name=\"name\" required> \t\t\t\t\t<\/div>\n<div class=\"sc--field\"> \t\t\t\t\t\t<label>* <\/label> \t\t\t\t\t\t<br \/> \t\t\t\t\t\t<input type=\"text\" name=\"\" required> \t\t\t\t\t<\/div>\n<p> \t\t\t\t\t<label>* Message<\/label> \t\t\t\t\t<br \/> \t\t\t\t\t<textarea name=\"message\" required><\/textarea> \t\t\t\t\t \t\t\t\t\t<\/p>\n<div class=\"required-message\" style=\"display: none; padding-bottom: 15px;\">* All fields are required.<\/div>\n<p> \t\t\t\t\t<input type=\"submit\" value=\"Submit\" onclick=\"event.preventDefault(); firefly_sc();\"> \t\t\t\t\t \t\t\t\t\t<\/p>\n<div class=\"firefly-sc-confirm\" style=\"display: none;\">Success!<\/div>\n<\/p><\/form>\n<\/p><\/div>\n<\/p><\/div>\n<p> \t\t<script> \t\t\tfunction firefly_sc() { \t\t\t\tif( typeof window.captchaPublicKey == typeof undefined ){ \t\t\t\t\tconsole.error('window.captchaPublicKey is not defined'); \t\t\t\t} \t\t\t\tgrecaptcha.execute( window.captchaPublicKey, { action: 'submit_correction' } ).then( function( token ) { \t\t\t\t\tvar opts = { \t\t\t\t\t\taction:    'firefly_sc_submit', \t\t\t\t\t\tname:      document.querySelector( '.entry-submit-correction [name=\"name\"]' ).value, \t\t\t\t\t\t:     document.querySelector( '.entry-submit-correction [name=\"\"]' ).value, \t\t\t\t\t\tmessage:   document.querySelector( '.entry-submit-correction [name=\"message\"]' ).value, \t\t\t\t\t\tpost_id:   firefly_post_id, \t\t\t\t\t\tcap_token: token \t\t\t\t\t}  \t\t\t\t\tvar inputs = [ 'name', '', 'message' ];  \t\t\t\t\tfor( var i = 0; i < inputs.length; i++ ) if( ! 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